Banksia Creek is a watercourse in Western Australia. It is located at 33° 54' 9" S 115° 17' 43" E, about 25 kilometres (16 mi) south of Busselton in the Shire of Augusta-Margaret River. A tributary of Margaret River North, it runs in a westerly direction for about two kilometres (1.2 mi) before joining Margaret River North just south of Canebreak Pool.